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Micron (MU, a major American manufacturer of memory for AI servers) shares were up about 6% before the US market opened on Wednesday, after closing Tuesday at $725.11. Two reasons converged: Anthropic named Micron among seven buyers of its $26 billion stock offering, and cloud company CoreWeave raised its revenue forecast.
After two days of selling, Nvidia shares reversed upward on Wednesday. The company's own reaction to the scandal surrounding CEO Jensen Huang worked: an external law firm will check whether corporate secrets and US national security were compromised.
Alphabet shares (GOOGL, Google's parent company) were priced at $293.52 in premarket trading on November 9 - 3.07% above Friday's close of $284.78. The reason is the announcement of two new systems on its own TPU chips, which Bloomberg called a escalation of the fight with Nvidia.
Micron (MU, the largest American memory manufacturer) shares closed Monday at $833.59 - down $51.15 from the previous price of $884.74. Memory and chips lost more than $400 billion in market capitalization in a single session.
On US congressional voting day, US index futures diverged: Dow Jones -0.5%, S&P 500 -0.15%, Nasdaq 100 flat. The market holds positions ahead of the first vote count results.
Intel said the global personal computer market will shrink by about 12% in 2026 and another 10% in 2027. On Friday, October 30, the entire semiconductor sector and computer makers were sold off.
Andrew Kang is stepping down as CFO of Strategy (Michael Saylor's company, the largest corporate holder of Bitcoin) a week after the company posted the largest quarterly operating profit in its history - about $21B. Shares fell 6.4% in premarket trading.
Intel shares (the largest American processor manufacturer) fell 23.56% to $70.39 in Friday's overnight trading - that's minus $21.69 from Thursday's close of $92.07. The market punished the company not for the past quarter, but for its guidance for the coming ones.
On Thursday, October 22, Asian markets crashed: China's CSI 300 index lost 2% during the session and fell 20% from its June high. A 20% drop from the peak is the formal definition of a bear market.
